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General Motors announced today that is ending production of the plug-in hybrid Chevrolet Volt.
The company said it is closing seven factories worldwide and eliminating 14,000 salaried staff and factory jobs by the end of 2019.
“GM now intends to prioritize future vehicle investments in its next-generation battery-electric architectures,” GM Chairman and CEO Mary Barra said in a release.
The move comes as consumers abandon passenger cars in favor of crossovers, SUVs and pickups. GM also plans to end production of the Cruze and Impala sedans.
The company will still build the all-electric Chevrolet Bolt sedan.